Human Rights Management
PLANET Technology is committed to safeguarding the fundamental human rights of employees, abiding by relevant domestic labor regulations and international human rights conventions, supports the principles and spirits of the UN Universal Declaration of Human Rights, the UN Global Compact, the UN Guiding Principles on Business and Human Rights and the International Labour Organization Convention and fulfills the responsibility of enterprises to protect human rights.
Human Rights Policy
The Company established a human rights policy in 2023, which is publicly disclosed on its official website. This policy demonstrates the Company’s commitment to human rights protection and is continuously integrated into every aspect of the Company's operations, with efforts to extend human rights protection to all stakeholders. Please refer to PLANET Human Rights Policy for more details.
Human Rights Due Diligence
PLANET Technology strives to fulfill its corporate social responsibility and implement its human rights policy by creating a respectful and dignified working environment. Through the human rights due diligence process, the Company conducts risk identification and assessment of human rights issues, takes management and risk mitigation measures, and follows up with continuous improvements to effectively reduce the impact and risks associated with human rights issues, thus fulfilling its commitment and responsibility to uphold human rights.
◾ Human Rights Due Diligence Process
Since 2024, PLANET carries out human rights due diligence for both internal and external stakeholders based on the human rights due diligence management cycle.
◾ Identify Human Rights Issues
Following international human rights guidance and domestic regulations and laws, PLANET identifies the top 10 “human rights risk issues” related to stakeholders. It establishes corresponding management procedures based on the current norms for human rights, working environments, health and safety, etc.
◾ Human Rights Issue Risk Assessment
To reduce and prevent the impact of human rights risk within the company’s operation and supply chain, we have conducted a stakeholder human rights risk assessment based on the top 10 human rights risk issues.
- Assess the potential and severity of human rights risk issues in the company operation and produce a “Human Rights Risk Assessment Matrix”
- Conduct a "Human Rights Due Diligence" survey to assess and identify important human rights risk issues affecting the supply chain.
◾ Human Rights Risk Assessment Results and Mitigation Measures on PLANET’s Operations
Based on the 2024 results of PLANET’s internal human rights due diligence, all issues are considered low-risk and no high-risk issues need to be managed immediately.
PLANET implements mitigation measures and regularly tracks and improves human rights risk issues in internal operations. Adopted measures include “Project Management Tracking,” “Strength Control Procedures,” and “Improvement of Human Rights Education.”
- Mitigation Measurement Principles
The internal human rights survey results are based on assessing the severity and frequency of risks. Each issue is categorized by its risk level, and the principles for addressing these risks are outlined.
| Mitigation Measurement Principles | Project Management Tracking | Strength Control Procedures | Improvement of Human Rights Education |
|---|---|---|---|
| High-risk | ✔ | ✔ | ✔ |
| Medium-risk | ✔ | ✔ | |
| Low-risk | ✔ |
◾ PLANET Supply Chain Human Rights Risk Assessment Results and Mitigation Measures
The 2024 PLANET supply chain human rights due diligence survey response rate was 100% and the compliance rate for each topic was over 80%.
PLANET conducts regular reviews and improvements of the human rights risk issues on the supply chain. It assisted suppliers in establishing management mechanisms that comply with human rights, environment, health, and safety through education and training, and other communication methods. By upholding corporate sustainability and social responsibility-related management policies, and providing services to the supply chain, PLANET gets to strengthen supply chain resilience, reduce operational risks and implement both PLANET and its suppliers’ sustainable operation.
